FantasyFreak wrote: ↑Sun Jan 14, 2024 5:49 pm
But I thought the Packers weren't willing to give him the 5th year. The escalators were for THIS year. He had the opportunity to make more money THIS year, based on that. Next year, was cheaper for the Pack, than the 5th year option.
He got a signing bonus, AND escalators on his 4th year. His 5th year, will now be renegotiated. So he won. He bet on himself, and won. Had he let it play out, he wouldn't get a signing bonus OR escalators. He would have lost money.
Nah, you're slightly memory-holing yourself on this one but that's fine.
His 5th year will count. He has already signed a contract that replaces his 5th year.
That's why it is called a contract extension. It will extend from where it currently ends. This is standard practice - neither side gets to rip it up simply because they want to.
Before the extension:
2023: Plays for $9 million (same for both versions of the deal) base salary of $2 million
2024: Gets $20.3 million fully guaranteed w/ 5th year option
(if they don't exercise it then they risk a Daniel Jones scenario on the one hand, or having to go straight to the franchise tag / $180 million contract on the other - so lets assume they do the smarter option, learn from the G-men's cautionary tale, and they are exercising the 5th year)
After the extension:
2023-2024 salaries + signing bonus are paid out as fully guaranteed ($13 million) and 2023 Base Salary is $1mil
Additional incentives of up to $9 million are added that have the ability to add on to the base salary of 2024 ($5.5mil) with each incentive hit.
He's going to hit some of them, but is also likely to miss on some others. Just
for your reference, for example - $2mil of that possible $9mil is tied to winning the Conference Championship, and the Superbowl. Another $1mil is for a Pro Bowl selection, which
we already know he didn't get.
As I've maintained: simply by doing nothing, he was set to earn close to $30 million by simply playing his contract out.
As it stands, he's going to earn just under $20 million. Possibly $21 million if he wins the Superbowl. (He's currently at $5mil of the possible $9mil)
Now, in both these scenarios - if he plays like this - they're doing a new contract in 2024 anyway. Regardless of anything, Jordan Love is about to be a very rich man.
But calling this "betting on yourself" isn't it. This was him getting some additional cash early and locking in security, whilst showing that he's amenable to working with the Packers on team-friendly terms.
He left ~$10 million on the table to do it, and if he hadn't played this well - it could have been worse.
It's not going to matter, but it's also not going to win you this (dumb as s---) argument.
